Investors' Soapbox AM

Nemo No Match for Abercrombie

Over the weekend, we noted lackluster [retail] traffic in the Washington D.C. metro region, as cold temperatures and low levels of clearance inventory keep shoppers from picking up new spring product. Similar to the slowing at the end of January, we believe retail will continue to see a lull in spring and spring-transition selling until we see a change in weather to warmer temperatures.